Harmony's ONE Token Falls 40% After Exploit Mints Billions of Unauthorized Tokens
Harmony’s native ONE token dived 40% after an attack appeared to mint tokens equal to roughly a quarter of the total supply, according to CoinDesk.
- The Block reported that Harmony confirmed an exploit involving the unauthorized minting of 4 billion ONE tokens, citing an earlier report from X user Juiceberg that first flagged the mint.
- Cointelegraph reported that Harmony is working with exchanges to freeze funds and is preparing a patch after claims that 2.8 billion unauthorized ONE tokens reached trading platforms.
- Cointelegraph also reported that Harmony is considering a rollback in response to the suspected exploit.
Reported figures on the size of the mint vary across outlets, but all three sources describe an unauthorized token-minting event that has prompted Harmony to coordinate with exchanges while it investigates a fix.
Sources: CoinDesk, Cointelegraph, The Block
This article is for information only and is not financial advice.
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